Modivo write-offs on Worldbox, eObuwie to cut mid-year results; market cap drops PLN 385M

Modivo announced additional write-offs related to Worldbox and former eObuwie assets, which will lower its mid-year financial results. The Polkowice-based group's market capitalization fell by up to PLN 385 million following the news. The exact size of the write-offs and their impact on full-year guidance remain uncertain.